Property Offer Tips and Q&A for Los Angeles, CA
Make a Competitive Offer in Los Angeles’s Housing Market
Top Tips for Making a Strong Offer
- Research the Market: Understand Los Angeles’s median home prices (around $800,000) and neighborhood trends.
- Work with Your Agent: Collaborate to craft an offer based on recent sales in areas like Midwick Park or Emery Park.
- Include a Personal Letter: Appeal to sellers with a letter explaining why you love their home.
- Be Flexible: Consider waiving minor contingencies if your finances allow, but consult your agent.
- Act Quickly: Los Angeles’s market can be competitive; submit offers promptly.
Common Questions About Making Offers
Q: How much should I offer above the asking price?
A: It depends on the market. In Los Angeles, offers 1-5% above asking are common for desirable properties. Check with your agent for comps.
Q: Should I include contingencies?
A: Common contingencies include inspection and financing. Discuss with your agent to balance protection and competitiveness.
Q: How long does it take to hear back on an offer?
A: Typically 1-3 days, but sellers in Los Angeles may respond faster in a hot market.
Q: Can I negotiate after my offer is accepted?
A: Yes, if inspections reveal issues, you can negotiate repairs or credits with the seller.
Need More Help?
Contact a local expert to guide you through the offer process in Los Angeles.
Office:
453 S. Spring Street, Suite 400,
Los Angeles, California 90013
Call
+1(213) 510-1717
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